Camping World $CWH Position Lessened by Millennium Management LLC

Key Points

• Millennium Management LLC reduced its stake in Camping World by 1.5% in Q1, selling 25,560 shares and retaining approximately 1.68% of the company, valued at $27.7 million.
• Camping World reported an earnings miss with $0.57 EPS against an expectation of $0.58, despite experiencing a 9.4% year-over-year revenue increase to $1.98 billion.
• The company announced a quarterly dividend of $0.125 per share, with a payout ratio currently at -250%, indicating a significant loss relative to earnings.

Millennium Management LLC cut its position in Camping World (NYSE:CWH - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,714,155 shares of the company's stock after selling 25,560 shares during the quarter. Millennium Management LLC owned approximately 1.68% of Camping World worth $27,701,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Camping World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company's stock valued at $539,000 after acquiring an additional 1,401 shares during the last quarter. Rafferty Asset Management LLC raised its stake in Camping World by 9.3% during the 1st quarter. Rafferty Asset Management LLC now owns 18,779 shares of the company's stock valued at $303,000 after acquiring an additional 1,593 shares during the last quarter. A&I Financial Services LLC raised its stake in Camping World by 11.3% during the 1st quarter. A&I Financial Services LLC now owns 25,302 shares of the company's stock valued at $409,000 after acquiring an additional 2,567 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in Camping World during the 1st quarter valued at approximately $44,000. Finally, AlphaQuest LLC raised its stake in Camping World by 35.2% during the 1st quarter. AlphaQuest LLC now owns 10,631 shares of the company's stock valued at $172,000 after acquiring an additional 2,766 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CWH has been the subject of several analyst reports. Raymond James Financial reduced their price objective on Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Truist Financial increased their target price on Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. KeyCorp increased their target price on Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Zacks Research upgraded Camping World from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. Finally, Citigroup restated a "buy" rating and issued a $23.00 price target (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.78.

Camping World Trading Up 2.2%

Shares of CWH stock traded up $0.38 during mid-day trading on Wednesday, reaching $17.78. The company's stock had a trading volume of 464,230 shares, compared to its average volume of 2,184,281. The company's 50 day simple moving average is $17.08 and its 200-day simple moving average is $16.42. Camping World has a 12-month low of $11.17 and a 12-month high of $25.97. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12. The firm has a market capitalization of $1.82 billion, a PE ratio of -88.87 and a beta of 1.92.

Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.The business's revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. On average, research analysts predict that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. Camping World's dividend payout ratio (DPR) is presently -250.00%.

Camping World Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.